Piedmont Investment Advisors Inc. Makes New $238,000 Investment in Flagstar Bancorp Inc (NYSE:FBC)

Piedmont Investment Advisors Inc. acquired a new position in shares of Flagstar Bancorp Inc (NYSE:FBC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,241 shares of the savings and loans company’s stock, valued at approximately $238,000.

Other institutional investors have also recently modified their holdings of the company. Texas Permanent School Fund grew its position in shares of Flagstar Bancorp by 1.6% in the 1st quarter. Texas Permanent School Fund now owns 19,545 shares of the savings and loans company’s stock valued at $643,000 after acquiring an additional 312 shares during the period. Boston Advisors LLC lifted its stake in shares of Flagstar Bancorp by 1.2% during the 1st quarter. Boston Advisors LLC now owns 35,973 shares of the savings and loans company’s stock worth $1,184,000 after buying an additional 410 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Flagstar Bancorp by 36.8% during the 4th quarter. Bank of Montreal Can now owns 1,746 shares of the savings and loans company’s stock worth $46,000 after buying an additional 470 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in shares of Flagstar Bancorp during the 4th quarter worth about $29,000. Finally, ClariVest Asset Management LLC raised its stake in Flagstar Bancorp by 0.9% in the 4th quarter. ClariVest Asset Management LLC now owns 166,318 shares of the savings and loans company’s stock worth $4,390,000 after purchasing an additional 1,480 shares in the last quarter. 98.56% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Thursday, April 11th. Raymond James set a $37.00 price target on shares of Flagstar Bancorp and gave the stock a “buy” rating in a research report on Thursday, April 4th. ValuEngine upgraded shares of Flagstar Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Piper Jaffray Companies downgraded shares of Flagstar Bancorp from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $37.00 to $35.00 in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Flagstar Bancorp currently has a consensus rating of “Buy” and an average price target of $37.40.

NYSE FBC traded up $0.84 during trading on Friday, hitting $33.14. 387,600 shares of the company’s stock traded hands, compared to its average volume of 320,856. The stock has a market capitalization of $1.79 billion, a PE ratio of 10.97 and a beta of 1.27. Flagstar Bancorp Inc has a 12-month low of $25.30 and a 12-month high of $36.16. The company has a quick ratio of 0.76, a current ratio of 1.08 and a debt-to-equity ratio of 2.44. The business’s 50 day simple moving average is $32.06.

Flagstar Bancorp (NYSE:FBC) last released its quarterly earnings data on Tuesday, April 23rd. The savings and loans company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $235.00 million for the quarter, compared to the consensus estimate of $230.70 million. Flagstar Bancorp had a net margin of 16.38% and a return on equity of 11.60%. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, research analysts expect that Flagstar Bancorp Inc will post 3.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Friday, May 31st. Flagstar Bancorp’s payout ratio is currently 5.30%.

About Flagstar Bancorp

Flagstar Bancorp, Inc operates as a savings and loan holding company for Flagstar Bank, FSB that provides commercial and consumer banking services to individuals and businesses in the United States. Its Community Banking segment offers various products, such as checking accounts, savings accounts, money market accounts, certificates of deposit, consumer and commercial loans, commercial real estate loans, equipment finance and leasing, home builder finance loans, and warehouse lines of credit.

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Institutional Ownership by Quarter for Flagstar Bancorp (NYSE:FBC)

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